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Word: eatonized (lookup in dictionary) (lookup stats)
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...Portsmouth Steel (25% owned by Eaton, family and friends) which in turn owns more than 25% of Detroit Steel Co. and more than 10% of Cleveland Cliffs Iron Co., one of the biggest U.S. ore shippers. These two holdings are worth $13.5 million...

Author: /time Magazine | Title: STEEL: Inland to Canada | 3/9/1953 | See Source »

...Eaton controls a $150 million empire. Eaton clinches his big deals on weekends at his 860-acre farm, Acadia, 15 miles outside Cleveland, where he raises champion cattle and likes to sit by the fire reading philosophy. Eaton's own philosophy is that a man must keep busy...

Author: /time Magazine | Title: STEEL: Inland to Canada | 3/9/1953 | See Source »

...Steep Rock ore was at the bottom of a lake until Eaton, with $5,000,000 from the RFC, shifted the course of the Seine River and pumped out 125 billion gallons of water to get at it (TIME, Nov. 16, 1942). In 1949, he gave Inland options to test-drill nearby deposits. Eaton said these tests indicated the presence of 50 billion tons of ore, some of it with 62 to 64% iron content"-i.e., as rich as the famous Mesabi ores now nearing exhaustion. No man to belittle his holdings, Eaton grandly added: "These deposits go right down...

Author: /time Magazine | Title: STEEL: Inland to Canada | 3/9/1953 | See Source »

...deal, biggest Inland has ever made, was quite a comeback for Cy Eaton, who has been in many hot spots but has proved as durable as the phoenix. In the '20s he built a Midwest empire of steel, rubber and iron ore, only to lose control of it during the Depression. Slowly he built another, only to see it threatened three years ago, when his Otis & Co. walked out of a Kaiser-Frazer stockselling agreement, and his ex-friend Henry Kaiser won $3,000,000 in judgments (TIME, July 16, 1951). Otis filed in bankruptcy, and Kaiser began hunting...

Author: /time Magazine | Title: STEEL: Inland to Canada | 3/9/1953 | See Source »

...Eaton not only won his fight with Kaiser, but all his investments have thrived. Among his holdings...

Author: /time Magazine | Title: STEEL: Inland to Canada | 3/9/1953 | See Source »

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